July 5, 2017

Steel Imports Climb in May

The U.S. imported 3.4 million tons of steel in May, including 2.6 million tons of finished steel, according to Census Bureau data and the American Iron and Steel Institute, Washington. Total steel imports were up 2.5 percent compared with April, while finished imports increased 1.8 percent.

For the year to date, total imports of 15.7 million tons were up 22.2 percent compared with 2016, while finished steel imports increased 14.2 percent. Finished steel import market share was estimated at 27 percent in May, and is 26 percent for the year to date.

Finished steel products with significant import increases in May included cut-length plates, up 46 percent; tin plate, up 45 percent; plates in coils, up 33 percent; and line pipe, up 29 percent. Full-year product gains include OCTG, up 227 percent; cold-rolled sheet, up 38 percent; sheets and strip and all other metallic coatings, up 36 percent; and standard pipe, up 34 percent.

In May, the largest volumes of finished steel imports from offshore were from South Korea at 329,000 tons, up 3 percent from April; Turkey at 154,000 tons, down 17 percent; Germany at 142,000 tons, up 26 percent; Japan at 127,000 tons, down 11 percent; and India at 86,000 tons, up 84 percent. Year-to-date totals include 1.5 million tons from South Korea, down 3 percent; Turkey at 1.1 million tons, up 14 percent; Japan at 650,000 tons, down 8 percent; Taiwan at 497,000 tons, up 67 percent; and Germany at 481,000 tons, down 1 percent.


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Saturday, October 21, 2017